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September 13, 2024
Question

How to correct software linkage errors regarding dividends & foreign taxes on Form 1116?

  • September 13, 2024
  • 1 reply
  • 0 views
I go back to the original interviews re dividends & enter the info that I want the foreign taxes to be entered on From 1116. All of my data are correctly entered on the worksheets & the Form but I keep getting error messages in Smart Check & am blocked from filing return.

1 reply

Employee
September 13, 2024

@e-bushueff12-gma , while I am not familiar with the screens for the on-line version, I am just wondering  about 

(a)  Is  the foreign taxes paid on dividend / interest earnings more than the  safe harbor amount of US#300 per filer ?  Sometimes it is better ( tax liability wise  to keep the  Foreign tax recognition at  safe harbor level

 (b) Are you reporting ONLY foreign taxes paid on dividend / interests  or is there more foreign taxes paid ?   For example do you have foreign capital gain ? 

(c) Is your tax home in the US or are you abroad ?

 

I am asking these questions because  the info provided so far  does  not allow me to understand  why the TurboTax appear to be misbehaving .  Please answer  and I will circle back